3期

最新文章

• Does affirmative action lead to mismatch? A new test and evidence AI翻译
  作者：Arcidiacono, Peter; Aucejo, Esteban M.; Fang, Hanming; Spenner, Kenneth I.
  作者单位：Duke University; National Bureau of Economic Research; University of Pennsylvania; Duke University
  摘要：We argue that once we take into account the students' rational enrollment decisions, mismatch in the sense that the intended beneficiaries of affirmative action admission policies are made worse off ex ante can only occur if selective universities possess private information. Ex ante mismatch occurs when revelation of this information would have changed the student's choice of school. This necessary condition for mismatch provides the basis for a new test. The test is implemented using data fr...
• A simple estimator for the distribution of random coefficients AI翻译
  作者：Fox, Jeremy T.; Kim, Kyoo Il; Ryan, Stephen P.; Bajari, Patrick
  作者单位：University of Michigan System; University of Michigan; National Bureau of Economic Research; University of Minnesota System; University of Minnesota Twin Cities; Massachusetts Institute of Technology (MIT)
  摘要：We propose a simple mixtures estimator for recovering the joint distribution of parameter heterogeneity in economic models, such as the random coefficients logit. The estimator is based on linear regression subject to linear inequality constraints, and is robust, easy to program, and computationally attractive compared to alternative estimators for random coefficient models. For complex structural models, one does not need to nest a solution to the economic model during optimization. We presen...
• A nonparametric analysis of black-white differences in intergenerational income mobility in the United States AI翻译
  作者：Bhattacharya, Debopam; Mazumder, Bhashkar
  作者单位：University of Oxford; Federal Reserve System - USA; Federal Reserve Bank - Chicago
  摘要：Lower intergenerational income mobility for blacks is a likely cause behind the persistent interracial gap in economic status in the United States. However, few studies have analyzed black-white differences in intergenerational income mobility and the factors that determine these differences. This is largely due to the absence of appropriate methodological tools. We develop nonparametric methods to estimate the effects of covariates on two measures of mobility. We first consider the traditiona...
• Are the responses of the US economy asymmetric in energy price increases and decreases? AI翻译
  作者：Kilian, Lutz; Vigfusson, Robert J.
  作者单位：University of Michigan System; University of Michigan
  摘要：How much does real gross domestic product (GDP) respond to unanticipated changes in the real price of oil? Commonly used censored oil price vector autoregressive models suggest a substantial decline in real GDP in response to unexpected increases in the real price of oil, yet no response to unexpected declines. We show that these estimates are invalid. Based on a structural model that encompasses both symmetric and asymmetric models as special cases, correctly computed impulse responses are of...